Updated February 24, 2017
Todd Luabr breaks into Angel Investing:
Todd Lubar began his education at the Sidwell Friends School, Washington DC and graduated in 1977. He later joined the Peddie School in Hightstown, NJ. for his high school education before transitioning to Syracuse University where he acquired his B.A. degree in speech communication. Todd Lubar graduated in 1995 and took up his first job at Crestar Mortgage Corporation where he worked between 1995 and 1999.
It quickly became apparent to Todd Lubar that real estate and finance would be his life long career. In 1999, he joined Legacy Financial Group where he got the opportunity to widen his lending capabilities. He could broker loans to external investors as well as lending as a direct mortgage bank.
Todd Ventures into Mortgage Financing
In 2002, Todd Lubar decided to take his business to another level and founded Legendary Properties, LLC, which is a residential development company. Through the new firm, he facilitated faster progression of purchase, rehabilitation, and sale of properties ranging from single houses to multi-unit properties of over 20 units. Todd could transact over 200 businesses and develop cordial relationships with experienced property developers to ensure quality and timely service delivery. This helped him in establishing strong relationships with the major banking institutions and acquiring credits as high as $20 million.
Todd’s continued involvement in the mortgage banking industry led to the founding of Charter Funding in 2003. It’s a subsidiary of the First Magnus Financial Corporation, which is among the largest private mortgage firms in the U.S.
Venturing in New Niches
Having observed the real estate market for more than 12 years, Todd Lubar discovered a niche of underserved customers. Consequently, he started the Legendary Financial LLC, an affiliate of Legendary Properties, LLC. It is a commercial lending firm that targets individuals and companies who are unable to access the traditional lending sources. Todd used the strong liquidity of the Legendary properties in addition to his personal funds to support this cadre of borrowers. With over 7000 credit transactions, Todd has the ability to analyze the overall risks of every credit scenario and make an appropriate decision based on the prevailing market conditions.